HNIs Increased Their Stakes In 812 Companies But The Values Depreciated 12.56 Percent. Are Greed And Ambition Getting Better Of Their Investment Calls?
A Forbes India analysis of India’s affluent investors’ stake in companies shows HNIs may be risk takers but their bets have not quite beaten the benchmark. A review of the past four quarters shows that a majority of the top 10 stocks where HNIs increased their holdings have underperformed the respective benchmarks. For instance, among Nifty 500 companies, seven of the top 10 bet stocks have fallen in the January to March period. There were 3.1 lakh HNIs in India in the financial year ending March 2023, up from 2.77 lakh in FY22, according to Prime Database. In FY23, HNIs’ total holdings in all shares was at Rs 4.74 trillion, lower than Rs 5.7 trillion in the previous year.
Source: Forbes May 12, 2023 14:14 UTC
